Job Market Monitor
Canada
Skills Gap in Canada – The Equipment Industry Technician Shortage
The skills gap in the technical workforce is not a problem unique to the United States. Canadian businesses are also starving for technical talent. A recent survey of Canadian executives found that 59 percent of respondents expressed concern about their ability to find qualified candidates with the skills needed to fill the job openings anticipated … Continue reading
Adult Education and Training In Canada – A Strategy
Investment in human capital has always been essential to Canada’s economic prosperity, but education and training will be especially important in the coming years. Over the next decade, Canada will be subject to a combination of demographic forces: population aging and slower labour force growth. As Halliwell has noted, increased immigration ows will do little to … Continue reading
Aboriginal children In Canada – Accounted for 7% of all children in Canada but 48% of all foster children
This study uses data from the National Household Survey (NHS) to examine the living arrangements of Aboriginal children aged 14 and under, and includes results about Aboriginal children who lived with a lone parent, with their grandparents, or in a stepfamily. The study also provides key statistics about Aboriginal foster children. In 2011, there were … Continue reading
Canada – The majority of parents are satisfied with their work-life balance
Overall, most parents who work full-time are satisfied with their work-life balance. In 2012, 3 out of 4 parents said they were satisfied or very satisfied with this balance (75%). The others were “neither satisfied nor dissatisfied” (15%), “dissatisfied” (8%) or “very dissatisfied” (1%). Of the parents who said that they were not satisfied, the most frequently mentioned … Continue reading
Interprovincial Mobility In Canada – Increase in relative real average annual wages in Alberta had a significant impact
The relatively stronger wage growth observed in Alberta during the 2000s led a significant number of young men to move to that province, thereby filling some of the job vacancies observed during that period. A new study found that from 2001 to 2006, average real annual wages and salaries earned by unmarried men aged 17 to 34 grew faster in Alberta than in … Continue reading
ICT Skills Gap in Canada – There won’t be enough qualified people to fill more than 218,000 new jobs
Canada’s tech companies are in stiff competition for retaining top prospects. There won’t be enough qualified people to fill more than 218,000 new information and communications technology jobs in the country by 2020, according to a report published by the Information and Communications Technology Council (ICTC) earlier this month. That may be years away, but … Continue reading
Employment Insurance in Canada – Five key changes
Last federal budget outlined multiple changes coming to the employment insurance program that combined will have a total cost this year of $1.02 billion and almost $1.45 billion next year. Here are five key changes: 1) The Liberals are promising to add five weeks of eligibility up to a maximum of 50 weeks of regular … Continue reading
Canada – The Labour Force Survey can be kind of a mess
Part of the problem is shifting human behaviour: The Labour Force Survey relies on people voluntarily responding and telling strangers all about their work situation. And when was the last time you answered a call from a number you didn’t know? “People are less likely to take these surveys and answer the phone than they … Continue reading
Job Report in Canada, March 2016 – Employment increased by 41,000 (+0.2%), lowering the unemployment rate to 7.1%
After three months of little change, employment increased by 41,000 (+0.2%) in March, lowering the unemployment rate by 0.2 percentage points to 7.1%. With the gains in March, employment grew by 0.2% in the first quarter (+33,000). This was the fourth consecutive quarter with 0.2% employment growth. In the 12 months to March, employment increased by 130,000 (+0.7%), the result of growth in full-time work. Over … Continue reading
Canada’s petroleum industry – 40,000 jobs cut and more layoffs still to come
After almost two years of sinking oil prices and at least 40,000 job cuts, Canada’s petroleum industry still isn’t finished tackling its bloated operations. The next round of layoffs has already begun with Cenovus Energy Inc. and Murphy Oil Corp. announcing workforce reductions last week. Ongoing cuts by Suncor Energy Inc., Encana Corp. and others … Continue reading
The ICT Skills Gap in Canada – 218,000 tech jobs will be created by 2020
A report released earlier this month by the Information and Communications Technology Council estimates that 218,000 tech jobs will be created in Canada by 2020. It warns that it could cost the economy billions of dollars in lost productivity, tax revenues and GDP if Canada doesn’t address the tech skills gap. “It is imperative that … Continue reading
Education in Canada – 6.4% of GDP compared with the OECD average of 5.3% (2011)
The proportion of adults aged 25 to 64 who had completed high school was higher in Canada than in all but four of the reporting members of the Organisation for Economic Co-operation and Development (OECD). In 2014, 90% of Canadians aged 25 to 64 had completed at least high school, well above the OECD average of 76%. Conversely, the Czech Republic (93%), Estonia (91%), the Slovak … Continue reading
Financially Prepared for retirement in Canada – 78% of labour force aged 25 to 64 were, down from 81% in 2009
Using data from the 2014 Canadian Financial Capability Survey (CFCS), this article examines the extent to which individuals in the labour force are preparing for retirement and provides another perspective on the relationship between financial literacy and retirement planning. In 2014, 78% of labour market participants (employed or unemployed) aged 25 to 64 reported they … Continue reading
Old Age Social Security in Canada – Life expectancy at age 65 projected to increase from 21 to 24 years for men and from 23 to 26 years for women by 2075
The population of Canada is projected to age significantly over the coming decades. Increasing life expectancies, the aging of the baby boomers, and low fertility rates are the predominant factors that will contribute to the increase in the proportion of the elderly. As a result, the population at ages 65 and over is expected to increase … Continue reading
Graduates from Humanities in Canada – Less likely to be employed full time, more likely to have jobs unrelated to their program and to be overqualified research finds
There is a long-standing debate over the value of certain postsecondary programs in facilitating employment after graduation. Pursuing a postsecondary degree is similar to purchasing stocks—it is an investment intended to provide future benefits. More than 80% of high school graduates pursue post- secondary education to increase employment opportunities and income. University graduates earn two … Continue reading
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